Renault Triber Car Loan EMI Calculator

₹ 11,778.
Here is how - Renault Triber price starts from ₹ 6,81,020 in Mumbai. If you pay a down payment of ₹ 1,00,145 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,778.

The cheapest Triber model is Authentic Petrol Manual which is priced at ₹ 6,81,020 in Mumbai. You will need to pay at least a ₹ 1,00,145 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for Triber.

Version	On-road price in Mumbai	Max Loan
Evolution Petrol Manual	₹ 7,82,818	₹ 6,69,605
Techno Petrol Manual	₹ 8,62,568	₹ 7,39,120
Authentic Petrol Manual	₹ 6,81,020	₹ 5,80,875
Emotion Petrol Manual	₹ 9,35,874	₹ 8,00,350
Emotion Petrol Manual Dual Tone	₹ 9,59,966	₹ 8,21,350
Emotion Petrol Automatic	₹ 9,90,483	₹ 8,47,950
Emotion Petrol Automatic Dual Tone	₹ 10,14,575	₹ 8,68,950
Evolution CNG Manual	₹ 8,41,827	₹ 6,69,605
Techno CNG Manual	₹ 9,19,451	₹ 7,39,120
Authentic CNG Manual	₹ 7,42,746	₹ 5,80,875
Emotion CNG Manual	₹ 9,90,884	₹ 8,00,350

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for Triber Authentic Petrol Manual will be ₹ 10,615 but you will have to pay interest of ₹ 3,10,785 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 21,341, but your interest payment will be only ₹ 1,87,401 over the 3 years period.

₹ 11,778
Renault Triber price starts from ₹ 6,81,020 in Mumbai.

We have considered
Down-payement : ₹ 1,00,145
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Triber with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,28,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Triber starts from ₹ 6.81 Lakh, you can get a loan with an annual income as low as ₹ 2.28 lakh.

Here are the most important things you should consider while getting a car loan for a new Triber

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.